February 2018
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Latest - PENSIONS

  • Denton’s acquisition of SIPPchoice ‘proves commitment to market’, SIPP/SSAS provider says

    11 February 2018

    Specialist pensions provider Dentons Pension Management has taken over London-based SIPP provider Sippchoice for an undisclosed amount, boosting its assets under administration to over £4bn. The acquisition will add around 1,400 SIPPs to Denton’s existing book of business, bringing the total to over 6,000 SIPPs, along with 800 SSAS clients. Ian Stewart, joint managing...

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  • Pensions communication needs a shake-up, says Punter Southall Aspire CEO

    9 February 2018

    Company advocates five-step model – the psychological processes that people need to go through before they make a big change – as means to effect behavioural change and improve engagement. Steve Butler CEO of workplace pensions and savings company Punter Southall Aspire, says that pensions engagement is a major issue for UK companies currently...

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  • Pensioner debt on the rise, Prudential research reveals

    5 February 2018

    The amount of debt pensioners are burdened with is on the rise, with nearly one in five expecting to stop work this year owing £33,900, according to new research by Prudential.  Prudential’s annual research, the Class of 2018, found that this year’s retirees have debts nearly 40% higher than those who expected to retire last...

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  • The truth about DB pension protection

    1 February 2018

    DB pension protection is better than the scaremongers would have us believe, says Fiona Tait, technical director, Intelligent Pensions. In financial services we are used to referring to defined benefit (DB) schemes as “gold-plated” and “guaranteed”, so how did we get to a place where so many members of DB schemes are worrying that they...

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  • ‘Real action’ needed to strengthen pension schemes’ position

    31 January 2018

    In the aftermath of the Carillion collapse, pensions consultancy Xafinity Punter Southall has warned that a move to force companies to insure pension pots would cost over £700bn and instead, what is needed is ‘real action’ by government. Following comments by Prime Minister Theresa May that the position of pensions must be strengthened, Xafinity...

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  • Why female clients’ pensions saving needs more attention

    30 January 2018

    Women are significantly lagging behind men in the pension stakes, which will result in them being considerably worse off in retirement, new research by Aegon has found. A combination of the gender pay gap and time spent out of the workplace to raise children and act as caregivers means women build up considerably smaller...

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  • AKG publishes analysis of 72 with profits funds

    29 January 2018

    AKG has launched its 2017 UK Life Office With Profits Reports, designed to help adviser firms and providers assess specific with profits funds. The reports contain analysis and assessments of 185 sub-funds within 72 funds across 26 firms that were active in the UK market at the end of December 2017. AKG said the...

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  • FSCS puts 3 SIPP operators in default

    21 January 2018

    The Financial Services Compensation Scheme (FSCS) has declared three SIPP operators in default, on the basis that they are unable or likely to be unable to satisfy protected claims against them. This follows the FCA highlighted concerns in the SIPP market relating to due diligence failings. The FSCS has received approximately 150 claims against...

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